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Wynn Farms reported a net operating loss of $ 2 4 0 , 0 0 0 for financial reporting and tax purposes in 2 0

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Wynn Farms reported a net operating loss of $240,000 for financial reporting and tax purposes in 2024. The enacted tax rate is 25%. Taxable income, tax rates, and income taxes paid in Wynn's first four years of operation were as follows:
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\table[[,\table[[Taxable],[Income]],Tax Rates,\table[[Income],[Taxes Paid]]],[2020,$76,000,30%,$22,800
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